B & T Capital Management DBA Alpha Capital Management Sells 73,184 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• B & T Capital Management has reduced its stake in SoFi Technologies by 17.7%, selling 73,184 shares and leaving it with 339,891 shares valued at approximately $6.19 million.
• SoFi Technologies reported an earnings per share (EPS) of $0.08 for the last quarter, surpassing analysts' expectations and demonstrating a 42.8% year-over-year revenue increase.
• Analysts have mixed views on SoFi's stock, with a consensus rating of "Hold" and a price target average of $21.18.

B & T Capital Management DBA Alpha Capital Management lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 339,891 shares of the company's stock after selling 73,184 shares during the period. B & T Capital Management DBA Alpha Capital Management's holdings in SoFi Technologies were worth $6,189,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SOFI. Hazlett Burt & Watson Inc. boosted its holdings in shares of SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new stake in SoFi Technologies in the 1st quarter worth approximately $28,000. SVB Wealth LLC purchased a new stake in SoFi Technologies in the 1st quarter worth approximately $28,000. Larson Financial Group LLC grew its position in shares of SoFi Technologies by 127.1% in the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in shares of SoFi Technologies by 119.3% during the first quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock valued at $36,000 after acquiring an additional 1,671 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

SOFI stock opened at $29.01 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The firm has a 50 day moving average price of $26.63 and a 200-day moving average price of $19.79. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $30.30. The firm has a market capitalization of $34.74 billion, a price-to-earnings ratio of 60.44, a PEG ratio of 3.34 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm's quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 10,036 shares of the firm's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the sale, the executive vice president directly owned 275,374 shares in the company, valued at approximately $7,801,345.42. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company's stock, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,383 shares of company stock worth $3,513,171 over the last three months. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SOFI shares. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $25.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $14.00 to $18.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 15th. Barclays boosted their price target on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Mizuho raised their price objective on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Finally, Truist Financial upped their target price on SoFi Technologies from $23.00 to $29.00 and gave the stock a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $21.18.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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